Horizon 2020 and Innovate UK Grant Funding
Most organisations would welcome the opportunity to develop new products and process that will enable them to create differentiation from their competitors.
You may already have ideas on what you want to create, however ideas are worthless if they are not put into action. Four very common barriers cited are:
- We lack the funds to research and develop these ideas
- We do not have the time as we are too busy running our business
- We do not have the resources – either the scientists, engineers or the facilities needed
- We do not have the route-to-market or customers in place to commercialise our ideas
Do any of these look familiar?
Now the good news!
There is help out there. Both the EU and UK governments have made available significant grants for research and development for ambitious businesses that are keen to achieve high growth.
The great news about such grants is that unlike bank loans, they do not need to be paid back! And, unlike financial backing from venture capitalists or business angels, there is no equity or intellectual property dilution.
The EU through the Horizon 2020 Programme have made available €80bn for research and innovation between 2013-2020. Similarly, Innovate UK, a branch of the Department of Business and Innovation has also made available over £500M for UK businesses. Grant contributions typically range from £25k – £2m. And there are hundreds of such funding opportunities each year to go after. Brexit is not a barrier to accessing these grants.
Practically all industry and technology sectors can attract support from these grants.
If the thought of getting somebody else to fund and de-risk your R&D sounds attractive, please get in touch. Our bid writing team has accessed over £200 million for our clients.